Europe Animal Feed Additives Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Europe Animal Feed Additives Market Size- By Additive Type, By Livestock, By Form, By Function- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2024 | Report ID: FOOD2498 | Pages: 1 - 155 | Formats*: |
| Category : Food & Beverages | |||
Europe Animal Feed Additives Market Introduction and Overview
According to SPER Market Research, the Europe Animal Feed Additives Market is estimated to reach USD 13918.35 million by 2033 with a CAGR 5.15%.
The report includes an in-depth analysis of the Europe Animal Feed Additives Market, including market size and trends, product mix, distribution channels, and supplier analysis. Animal feed additives are nutritious compounds that are added to livestock feed. Amino acids, minerals, and other ingredients are used as feed additives. Amino acids are crucial in a variety of functions, including eating, reproduction, gastrointestinal health, and metabolism. Methionine is a form of amino acid that is mostly used in the chicken industry, whereas lysine is used in the hog industry.
- In March 2023, Volac formed a new division dedicated to feed additives as part of their efforts to help the animal feed industry worldwide meet the net-zero challenge.
- In January 2023, Nutreco and BiomEdit announced a long-term research and commercial agreement to develop and market innovative feed additives. The collaboration will mix BiomEdit's microbiome science and "bioinformatics platform" with Nutreco's feed to create novel feed additives that will boost animal nutrition.
Market Opportunities and Challenges
Opportunities: Growing Concerns about Animal Nutrition and Environmental Impact - The market has recently experienced a rise in demand for sustainable food products. Consumers' knowledge of the methods and procedures used in the food manufacturing value chain has recently increased. Consumers have also expressed dissatisfaction with animal abuse, poor hygiene in livestock production facilities, and barbaric slaughter techniques, all of which have a negative influence on health. Consumers are also becoming increasingly concerned about the environmental impact of the livestock industry. As a result, many efforts and public awareness campaigns supporting sustainable animal husbandry practices are being launched all over the world. Consumers are becoming more concerned about animal welfare and nutrition, as well as the environmental impact. All of these factors have contributed to a positive shift in the animal feed sector, driving demand for additives and serving as a market catalyst.
Challenges: The demand for animal feed additives in Europe is predicted to fall as alternative feed sources become more popular. These substances, which are frequently obtained from plants, insects, and aquatic sources, are showing to be nutritionally equivalent to standard feed additives while also providing environmental and economic advantages. For example, insect-based diets are high in protein and require less land and water than traditional feeds. Similarly, plant-based alternatives not only provide critical nutrients but also help to reduce greenhouse gas emissions connected with cattle rearing. The adoption of these alternatives is also consistent with the European Union's emphasis on sustainable farming methods and the circular economy.
Market Competitive Landscape
The industry's leading players are focused on key market tactics such as mergers, product launches, acquisitions, collaborations, and partnerships. They have also been working to expand their market reach in order to sustain their goodwill in an increasingly competitive sector. Some of the leading participants in the animal feed additives industry include Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Additive Type, By Livestock, By Form, By Function |
| Regions covered | Germany, France, Italy, UK, Russia, and the Rest of Europe. |
| Companies Covered | Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A. |
COVID-19 Impact on Europe Animal Feed Additives Market
The looming coronavirus pandemic has had a detrimental impact on the market for animal feed additives. The coronavirus epidemic has disrupted the food supply chain. Feed additives are generally used to improve feed quality and productivity. People's growing health awareness and food consciousness creates a demand for high-quality animal-based foods. With the decreasing number of COVID-19 instances around the world, manufacturers in the animal feed additives market are focussing on introducing novel tactics to be financially viable. Market participants are readily contributing to the establishment of their enterprises in order to maintain economies running during the ongoing pandemic. Market companies are investing in livestock farming to boost animal-based product output.
Key Target Audience:
- Livestock Farmers
- Poultry Farmers
- Aquaculture Farms
- Animal Nutritionists
- Feed Manufacturers
- Veterinarians
- Dairy Farms
- Meat Producers
- Organic and Sustainable Farming Operations
- Research and Development Institutions
- Government and Regulatory Bodies
- E-commerce and Retailers
Our in-depth analysis of the Europe Animal Feed Additives Market includes the following segments:
| By Additive Type: |
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| By Livestock: |
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| By Form: |
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| By Function: |
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Key Topics Covered in the Report:
- Europe Animal Feed Additives Market Size (FY’2024-FY’2033)
- Overview of Europe Animal Feed Additives Market
- Segmentation of Europe Animal Feed Additives Market By Additive Type (Antioxidants, Feed enzymes, Feed acidifiers, Vitamins, Minerals, Binders, Antibiotics, Amino acids, Others)
- Segmentation of Europe Animal Feed Additives Market By Livestock (Swine, Ruminants, Poultry, Aquatic Animals, Others)
- Segmentation of Europe Animal Feed Additives Market By Form (Dry, Liquid, Others)
- Segmentation of Europe Animal Feed Additives Market By Function (Single Function, Multifunction)
- Statistical Snap of Europe Animal Feed Additives Market
- Expansion Analysis of Europe Animal Feed Additives Market
- Problems and Obstacles in Europe Animal Feed Additives Market
- Competitive Landscape in the Europe Animal Feed Additives Market
- Impact of COVID-19 and Demonetization on Europe Animal Feed Additives Market
- Details on Current Investment in Europe Animal Feed Additives Market
- Competitive Analysis of Europe Animal Feed Additives Market
- Prominent Players in the Europe Animal Feed Additives Market
- SWOT Analysis of Europe Animal Feed Additives Market
- Europe Animal Feed Additives Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPER’s internal database2.1.4.Premium insight from KOL’s2.2.Market size estimation2.2.1.Top-down and Bottom-up approach2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges4.2.COVID-19 Impacts of the Europe Animal Feed Additives Market
5.Market variable and outlook
5.1.SWOT Analysis5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats5.2.PESTEL Analysis5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape5.3.PORTER’s Five Forces5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Europe Animal Feed Additives Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Animal Feed Additives Market
7.Europe Animal Feed Additives Market, By Additive Type (USD Million) 2020-2033
7.1.Europe Animal Feed Additives Market Size, Share and Forecast, By Additive Type, 2020-20267.2.Europe Animal Feed Additives Market Size, Share and Forecast, By Additive Type, 2027-20337.3.Antioxidants7.4.Feed enzymes7.5.Feed acidifiers7.6.Vitamins7.7.Minerals7.8.Binders7.9.Antibiotics7.10.Amino acids7.11.Others
8.Europe Animal Feed Additives Market, By Livestock (USD Million) 2020-2033
8.1.Europe Animal Feed Additives Market Size, Share and Forecast, By Livestock, 2020-20268.2.Europe Animal Feed Additives Market Size, Share and Forecast, By Livestock, 2027-20338.3.Swine8.4.Ruminants8.5.Poultry8.6.Aquatic Animals8.7.Others
9.Europe Animal Feed Additives Market, By Form (USD Million) 2020-2033
9.1.Europe Animal Feed Additives Market Size, Share and Forecast, By Form, 2020-20269.2.Europe Animal Feed Additives Market Size, Share and Forecast, By Form, 2027-20339.3.Dry9.4.Liquid9.5.Others
10.Europe Animal Feed Additives Market, By Function (USD Million) 2020-2033
10.1.Europe Animal Feed Additives Market Size, Share and Forecast, By Function, 2020-202610.2.Europe Animal Feed Additives Market Size, Share and Forecast, By Function, 2027-203310.3.Single Function10.4.Multifunction
11.Europe Animal Feed Additives Market Forecast, 2020-2033 (USD Million)
11.1.Europe Animal Feed Additives Market Size and Market Share
12.Europe Animal Feed Additives Market, By Region, 2020-2033 (USD Million)
12.1.Europe Animal Feed Additives Market Size and Market Share By Region (2020-2026)12.2.Europe Animal Feed Additives Market Size and Market Share By Region (2027-2033)12.3.Germany12.4.France12.5.Italy12.6.UK12.7.Russia12.8.Rest of Europe
13.Company Profile
13.1.Adisseo13.1.1.Company details13.1.2.Financial outlook13.1.3.Product summary13.1.4.Recent developments13.2.Alltech, Inc13.2.1.Company details13.2.2.Financial outlook13.2.3.Product summary13.2.4.Recent developments13.3.Archer Daniel Midland Co13.3.1.Company details13.3.2.Financial outlook13.3.3.Product summary13.3.4.Recent developments13.4.BASF SE13.4.1.Company details13.4.2.Financial outlook13.4.3.Product summary13.4.4.Recent developments13.5.Cargill Inc13.5.1.Company details13.5.2.Financial outlook13.5.3.Product summary13.5.4.Recent developments13.6.Evonik Industries AG13.6.1.Company details13.6.2.Financial outlook13.6.3.Product summary13.6.4.Recent developments13.7.IFF(Danisco Animal Nutrition)13.7.1.Company details13.7.2.Financial outlook13.7.3.Product summary13.7.4.Recent developments13.8.Novus International, Inc13.8.1.Company details13.8.2.Financial outlook13.8.3.Product summary13.8.4.Recent developments13.9.SHV (Nutreco NV)13.9.1.Company details13.9.2.Financial outlook13.9.3.Product summary13.9.4.Recent developments13.10.Solvay S.A13.10.1.Company details13.10.2.Financial outlook13.10.3.Product summary13.10.4.Recent developments13.11.Others
14.Conclusion
15.List of Abbreviations
16.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Animal Feed Additives Market is projected to reach USD 13918.35 million by 2033, growing at a CAGR of 5.15% during the forecast period.
Europe Animal Feed Additives Market grew in Market size from 2024. The Market is expected to reach USD 13918.35 million by 2033, at a CAGR of 5.15% during the forecast period.
Europe Animal Feed Additives Market CAGR of 5.15% during the forecast period.
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Europe Animal Feed Additives Market size is USD 13918.35 million from 2024 to 2033.
Europe Animal Feed Additives Market is covered By Additive Type, By Livestock, By Form, By Function
The Europe is anticipated to have the highest Market share in the Europe Animal Feed Additives Market.
The key players in the Market include Companies Covered Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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